US Patriot missile shortage in Europe ‘beyond critical’ due to Iran war, officials say
The US military is experiencing a “beyond critical” shortage of advanced missile interceptors in Europe largely driven by US President Donald Trump’s war with Iran, an American defence official in Europe and a Nato official said, raising concerns about vulnerabilities in Nato countries to a potential Russian attack. The US defence official said the most concerning shortfall involves Patriot…
The ongoing U.S.-Israeli war with Iran has led to a dramatic 96% plunge in Qatar's liquefied natural gas (LNG) exports, with shipments reduced to just 18 cargoes since March compared to 509 during the same period in 2025. This blockade of the Strait of Hormuz has caused a significant loss of around $24 billion for Qatar. As a result, European gas storage facilities are expected to be half-empty during the winter of 2026/2027, with total inventories projected to be 5.7 billion cubic meters below target.
This shortage of Qatari LNG is expected to drive up European gas prices, potentially reaching €80/MWh, up from the current €64–68/MWh. EU countries are likely to enter the heating season with a gas deficit, making them more vulnerable to competition for LNG imports, cold snaps, and supply disruptions.
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